$550,000
$589,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,384 SqFt
SOLD DATE : 07/29/2024
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,384 sqft
Price per Sqft $230
Subdivision Treasure Cove
MLS Listing ID 752748
Sold Date 07/29/24
Style Duplex
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1985
Annual Tax Amount $2,175
Tax Year 2023
Property Description
Welcome to 2712 Banyan Street on Panama City Beach. This could be your dream investment opportunity in the heart of the vibrant East end of Panama City Beach! Each side of this duplex boasts 3 bedrooms and 2 bathrooms, providing spacious and comfortable living for residents or guests.Unit B is beautifully remodeled, interior featuring Quartz Countertops, luxury vinyl plank flooring, and custom cabinets, creating an elegant and contemporary atmosphere. The fresh new paint, along with new appliances, new AC and water heater, ensure a hassle-free and comfortable lifestyle. This unit is not just a home; it's an investment gem. Currently being rented out as an Airbnb, Unit B grossed an impressive $40,000 in 2023, making it a lucrative opportunity for potential investors.Unit A, the other side of this fantastic duplex, presents an exciting opportunity for customization and value addition. Imagine the potential returns once both units are optimized to their fullest potential!Location is key, and this duplex doesn't disappoint. Situated in the desirable East end of Panama City Beach, residents and guests can enjoy proximity to boating, the pristine beach, and an array of restaurants. Additionally, the convenience of being just 10 minutes away from Pier Park adds to the appeal of this property.Whether you're looking for a wise investment with immediate returns or a home that offers both comfort and potential for increased value, this duplex has it all. Contact us today to schedule a viewing!
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Rooms
Ensuite Laundry Stacked
Interior
Interior Features Beamed Ceilings, Breakfast Bar, Bookcases, Cathedral Ceiling(s), Recessed Lighting
Laundry Location Stacked
Heating Central
Cooling Central Air
Furnishings Furnished
Fireplace No
Appliance Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator
Laundry Stacked
Exterior
Garage Driveway, Oversized
Fence Fenced
Community Features Short Term Rental Allowed
Utilities Available Water Available
Waterfront No
Roof Type Metal
Porch Covered, Porch
Parking Type Driveway, Oversized
Building
Foundation Slab
Architectural Style Duplex
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31075-000-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Other
Special Listing Condition Listed As-Is
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